First Look: 2023-01-19
S&P 500 futures trended lower overnight toward a type of Gann related support at 3909.25. There has been a shallow bounce up to old support at 3929.75 and the high on a chart with a 4am start time. I lean towards more of a bounce to test at least 3939.00 if not 3955.00 before dropping toward a new swing low to finish the first impulse down from wave (ii).